The hydrogen market could skew more towards blue rather than green hydrogen in the next few years, with Donald Trump’s win in the US presidential election changing the calculus around the potential trajectory of US public policy.
The assessment comes from Murray Douglas, Vice-President and Head of Hydrogen Research at Wood Mackenzie, speaking at the consultancy firm’s Hydrogen Conference 2024 in London shortly after Trump’s win was confirmed.
“A Republican presidency puts parts of the Democrat-introduced Inflation Reduction Act (IRA) at risk. At this stage we cannot rule out a full repeal. There are also some risks that attach to the incoming administration introducing trade tariffs on goods entering the US,” said Douglas.
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